Dan Loeb: Down On Hope, Up For For The Year

The Down:

The up:

Third Point Second Quarter Letter 2011 [PDF]

(hidden for your protection)
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69 Responses to “Dan Loeb: Down On Hope, Up For For The Year”

  1. NakedShort says:


  2. A Dan Loeb Wannabe says:

    I am the eggman, they are the eggmen.nI am the walrus, goo goo g’joob g’goo ngoo g’joob.n-The Beatles,’I am the walrus’

  3. Not_Matt_Levine says:

    I thought the ‘I have to go to work’ thing was Bessie’s way to avoid the late afternoon / early evening wood. My bad. Please ignore the 69 messages that I left in your inbox.

  4. Hope_2012 says:

    Watch it.nn-Obama

  5. Tuckhead says:

    Your returns suck and you are blaming the president? Time to pull your money from this fund. Instead of watching fox news these guys should learn how to invest .

    • Guest says:

      you are an idiot

    • Anonymous says:

      RIIIIIGGHHTTTT….because I am sure that you have multiple billions from running your fund. You clearly don’t work at a fund if you think most hedge fund people watch Fox News.u00a0

      • Guest says:

        “because I am sure that you have multiple billions from running your fund.”nnyou don’t know dick about anyone on here…

  6. quanttrader says:

    Ok, if there was no stimulus (included $400 billion in tax cuts) we would be in a depression.u00a0nnI agree that debt should be reduced but the debt reduction requires 2 components to be effective – Tax Increases/Closing loopholes and Govt. Spending cuts starting in 2012. But Tea party zombies are adamant just about cutting govt spending and nothing

    • Guest says:

      “Ok, if there was no stimulus (included $400 billion in tax cuts) we would be in a depression. “nnYup.

    • Someguy says:

      People don’t get deflation, but everyone gets unemployment.u00a0 U-6 unemployment this year is something like 16%.u00a0 If you look at the methodology behind the 25% unemployment rate in 1933, and adjust it to the U-6 measure, you wind up in the 15-20% range (hard to say, since society is very different today).u00a0 For most working families, we are in a depression.nnBut, you know, it’s all just a bunch of wingnuts, teabaggers, hoarders, wreckers, etc., robbing us of our bright future in a hopey-changey tomorrow.

    • Anonymous says:

      Brainzzzz…you need some brainzzzznnn-Tea Party Zombie

  7. Grow up says:

    Its incredible how whiny hedge fund managers are. u00a0They keep up this charade that the performance fees they earned on carried interest are based on “invested capital” when its really based on other investor’s capital. u00a0I have yet to see any compelling evidence that anyone other than fund managers would be worse off if the carried interest loophole was closed. u00a0Cry me a river. u00a0

    • Anonymous says:

      …then explain to me why stock options (while being classified as compensation) can be structured such that only capital gains taxes are paid AND potentially pay a CEO hundreds of millions while the stock goes in the crapper.u00a0

      • Anonymous says:

        …and don’t give me the bullshit about how not taxing/accounting for/expensing stock options creates a vibrant entrepreneurial environment.u00a0

        • Grow up says:

          I think you’re right. u00a0The profit on exercising an in the money option that was granted should be taxed as ordinary income. u00a0Once you continue to own the stock the gains above that level should be capital gains because now you have real capital invested in the stock (just like everyone else). u00a0

  8. trojan says:

    Then he went up from there to Bethel; and as he was going up by the way,n young lads came out from the city and mocked him and said to him, u201cGo nup, you baldhead; go up, you baldhead!u201d When he looked behind him andn saw them, he cursed them in the name of the LORD. Then two female bearsn came out of the woods and tore up forty-two lads of their number.n-2 Kings 2:23-25

  9. Saint Nick says:

    class warfare…………..stirring up class warfare……………………….. Why did you post this Bess Levin?u00a0

    • Guest says:

      Because this is a site about Wall Street and this is a letter from a hedge fund manager to investors. Any other brain busters or are you fresh out?

  10. 25th Hour Trader says:

    “It’s all about bucks kid, the rest is conversation.” – GGnn-Trader who prefers to focus on what he can control (when to trade, how to manage risk, etc.) rather than what he can’t (politics). u00a0

  11. HFguy says:

    I like the new DB look but I dont know what I am looking at.

  12. Put_Option says:

    You made the same mistake did. Don’t fix what is not broken

  13. Winkelvii says:

    Bess, did Mark Zuckerberg put you up to this? u00a0That douche is always changing website looks.u00a0

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